I don’t get it, eventually you have to pay back the loan and pay the capital gains tax, so what? People do what you suggest and there isn’t anything wrong with it, they still pay same taxes eventually.
Never actually having to sell shares means no taxes, plenty of operating funds. Quite common. https://www.propublica.org/article/billionaires-tax-avoidanc...
Scroll down to #2. Thiel, for example, managed to get $5B into a Roth IRA.
> What’s more, as long as Thiel waits to withdraw his money until April 2027, when he is six months shy of his 60th birthday, he will never have to pay a penny of tax on those billions.
There are too many tricks available for them to wind up paying a fair share of taxes.
The reality is taxes on everyone are actually crazy high, but hidden from everyone, via “employer” labeling and inflation. One latest euphemistic collectivist scheme is “corporate” taxes, total joke, corporations are investors and employees, every tax is either an investor tax or employee tax, taxing an abstract organizational concept is nonsensical.
Envy is one of the most dangerous human emotions, helping destroy numerous productive societies with collectivist ideas, your war on billionaires is nothing but another envy driven scheme to help collectivists continue to rob the productive members of society.